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Mitani Sekisan Co (TSE:5273) Net-Net Working Capital : 円1,100.44 (As of Dec. 2023)


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What is Mitani Sekisan Co Net-Net Working Capital?

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.

Mitani Sekisan Co's Net-Net Working Capital for the quarter that ended in Dec. 2023 was 円1,100.44.

The industry rank for Mitani Sekisan Co's Net-Net Working Capital or its related term are showing as below:

TSE:5273's Price-to-Net-Net-Working-Capital is ranked better than
50.36% of 421 companies
in the Construction industry
Industry Median: 5.45 vs TSE:5273: 5.37

Mitani Sekisan Co Net-Net Working Capital Historical Data

The historical data trend for Mitani Sekisan Co's Net-Net Working Capital can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Mitani Sekisan Co Net-Net Working Capital Chart

Mitani Sekisan Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 859.01 1,068.24 755.90 929.83 955.83

Mitani Sekisan Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 929.83 1,155.11 1,267.16 1,100.44 955.83

Competitive Comparison of Mitani Sekisan Co's Net-Net Working Capital

For the Building Products & Equipment subindustry, Mitani Sekisan Co's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Mitani Sekisan Co's Price-to-Net-Net-Working-Capital Distribution in the Construction Industry

For the Construction industry and Industrials sector, Mitani Sekisan Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Mitani Sekisan Co's Price-to-Net-Net-Working-Capital falls into.



Mitani Sekisan Co Net-Net Working Capital Calculation

Mitani Sekisan Co's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Mar. 2024 is calculated as

Net-Net Working Capital(A: Mar. 2024 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(41615+0.75 * 14709+0.5 * 4444-35621
-0-1759)/18.2969
=955.83

Mitani Sekisan Co's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2023 is calculated as

Net-Net Working Capital(Q: Dec. 2023 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(39010+0.75 * 19861+0.5 * 4966-34510
-0-1739)/18.3016
=1,100.44

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.

In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.

This is a conservative way of estimating the company's value.


Mitani Sekisan Co  (TSE:5273) Net-Net Working Capital Explanation

One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.


Mitani Sekisan Co Net-Net Working Capital Related Terms

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Mitani Sekisan Co (TSE:5273) Business Description

Traded in Other Exchanges
N/A
Address
1-3-1 Toyoshima, Mitani Building, Fukui-shi,, Fukui, JPN, 910-8571
Mitani Sekisan Co., Ltd. is a Japanese company. It is engaged in the production and sales of concrete secondary products, manufacture, and sale of gravel products, foundation work, and rental for revetment. The company focuses on manufacturing gravel and stones which are used for civil engineering construction, railway tracking and pavement roadbed materials, raw concrete and various concrete secondary products, aggregates of asphalt composite material and construction materials. It also produces concrete piles and poles and environmental products. The Information-Related Business deals with computer peripheral sales and consigned software production.

Mitani Sekisan Co (TSE:5273) Headlines

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